Fieweger Joshua 4

What Happened

• Joshua Fieweger, Senior Vice President and Chief Accounting Officer of Welltower Inc., had a total of 39,856 LTIP units vest on February 13, 2026. Those vested LTIP units automatically converted into the same number of OP Units (units of Welltower OP LLC), which may be exchanged in the future for Welltower common shares or cash. No cash was paid upon vesting or conversion, and no shares were sold as part of this filing.
• The 39,856 units consist of separate grants originally issued on Jan 17, 2022 (initially PSUs, converted to LTIP Units), Feb 23, 2023, and June 24, 2024. The filing reports these as derivative awards (transaction code A) with per-unit price listed as N/A.

Key Details

• Transaction date: February 13, 2026 (vesting and automatic conversion to OP Units).
• Reported amounts: 8,605 + 9,381 + 1,942 + 19,928 = 39,856 LTIP Units vested/converted.
• Price/Value: N/A (derivative award units; no cash paid on vesting or conversion).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: LTIP Units are intended to qualify as profits interests and convert into OP Units once vested and meeting a capital-account condition; Other Stock Units were also awarded/treated as vested solely to reserve common shares for any future exchange of OP Units. Upon exchange of OP Units for common shares, the reporting person would relinquish rights to the exchanged OP Units; any remaining Other Stock Units would be canceled.
• Filing timeliness: Reported on Feb 18, 2026 for transactions dated Feb 13, 2026; the filing appears to be within the required two business‑day window.

Context

• This filing reflects vesting/conversion of long‑term incentive units (derivative awards), not an open‑market purchase or sale. Such vesting events are compensation-related and do not necessarily indicate a buy or sell signal. OP Units are convertible into common shares (or cash) in the future; no immediate sale or cashless exercise was reported.